©20017 Igor Naming Agency The Igor Naming Guide An Essential Framework for Creating the Most Powerful Name in Your Space The key is to find a fresh way into the hearts and minds of your audience, redefine and own the conversation in your space, and engage people on as many levels as possible. As you begin, it is essential to decide what you want your new name to do for you. A name can: • Achieve separation from your competitors • Demonstrate to the world that you are different • Reinforce a unique positioning platform • Create positive and lasting engagement with your audience • Be unforgettable • Propel itself through the world on its own, becoming a no-cost, self-sustaining PR vehicle • Provide a deep well of marketing and advertising images • Be the genesis of a brand that rises above the goods and services you provide • Completely dominate a category ©20017 Igor Naming Agency Name / Brand Development The relative strengths and weakness of the four major categories of names are discussed in this section: 1. Functional / Descriptive Product & Company Names When descriptive names work: When a company names products and their brand strategy is to direct the bulk of brand equity to the company name. Examples of companies that follow this name strategy are BMW, Martha Stewart and Subway. When descriptive names don't work: When they are company names. Company names that are descriptive are asked to perform only one task: explaining to the world the business that you are in. This is an unnecessary and counterproductive choice. The downside here is many-fold. This naming strategy creates a situation that needlessly taxes a marketing and advertising budget because descriptive company names are drawn from a small pool of relevant keywords, causing them to blend together and fade into the background, indistinguishable from the bulk of their competitors - the antithesis of marketing. As an example of the "brand fade out" caused by choosing descriptive company names, consider the names of the following branding and naming companies: ©20017 Igor Naming Agency Brand/Branding Companies Name/Naming Companies Brand-DNA (.com) ABC Name Bank Brand-DNA (.net) Brighter Naming Brand A Moore Names Brand 2.0 Name Development Brand Design Name Evolution Brand Doctors Name Generator Brand Evolve Name-It Brand Evolution Name Lab Brand Forward Name One Brand Juice Name Pharm Brand Ladder Name Quest Brand Link Name Razor Brand Maverick Name Sale Brand Mechanics Name Sharks Brand Meta Name-Shop Brand People Name Stormers Brand Positioning Name Tag Brand Salt Name Trade Brand Scope Name Works Brand Sequence Name Works Brand Slinger Namebase Brand Solutions Naming Brand Vista Naming Systems Independent Branding Naming Workshop Not Just Any Branding Namington The Better Branding Strategic Name Company Development The Brand Company The Naming Company The Brand Wise Name Consultancy ©20017 Igor Naming Agency These kinds of company names are easily avoided if a thorough competitive analysis is performed and if the people doing the naming understand the following basic concept: The notion of describing a business in the name assumes that company names will exist at some point without contextual support, which is impossible. Company names will appear on websites, store fronts, in news articles or press releases, on business cards, in advertisements, or, at their most naked, in conversations. There are simply no imaginable circumstances in which company names can exist without contextual, explanatory support, which means they are free to perform more productive tasks. 2. Invented Product & Corporation Names There are basically two types of invented names for products or corporations: 1) Names built upon Greek and Latin roots. Examples: Acquient, Agilent, Alliant, Aquent. The upside: • These names breeze through the trademark process because they are unique, eliminating the potential for trademark conflict. • For companies looking for a hassle-free way to secure a domain name without a modifier, this is a fairly painless route to go. • They are free of negative connotations. • Because these names are built upon Greek and Latin morphemes, they are felt to be serious sounding. • For the above reasons, these are the easiest names to push through the approval process at gigantic global corporations. ©20017 Igor Naming Agency The downside: • Because these types of names are built on Greek and Latin morphemes, you need the advertising budget of a gigantic global corporation to imbue them with meaning and get people to remember them. • While they don't carry any direct negative messages, such names do cast a cold, sanitized persona. • These are names with no potential marketing energy -- they are image-free and emotionally void. 2) Poetically constructed names that are based on rhythm and the experience of saying them. Examples: Snapple, Oreo, Google, Kleenex. The upside: • They breeze through the trademark process. • Easy domain name acquisition. • By design, the target audience likes saying these names, which helps propel and saturate them throughout the target audience. • Highly memorable. • Emotionally engaging. • They are rich with potential marketing energy. The downside: • Tougher for a marketing department to get corporate approval for. When making a case for a name based on things like "fun to say, memorable, viral, and emotionally engaging," you need to present a solid, quantifiable case. Igor can show you how. ©20017 Igor Naming Agency 3. Experiential Product & Corporate Names Experiential names offer a direct connection to something real, to a part of direct human experience. They rise above descriptive names because their message is more about the experience than the task. For instance, in the web portal space, descriptive product names once included Infoseek, GoTo, FindWhat, AllTheWeb, etc. Experiential names of web portals include such product names as Explorer, Magellan, Navigator, and Safari. The upside: • These names make sense to the consumer. • They map to the consumer's experience with the company or product. • Because they require little explanation, experiential names are easily approved in a corporate process. • They work best for products within a brand strategy designed to accumulate brand equity for both the company and the product. • Experiential company and product names are most effective for the early entrants in a business sector, becoming less effective for later adopters. The downside: • Because they are so intuitive, experiential names are embraced across many industries with high frequency, making them harder to trademark. • These are names that tend to be historically common in the branding world. • Their over-usage makes them less effective in the long run. For instance, while Explorer, Navigator and Safari are web portal names, they are also the names of SUVs. • The similarity in tone of these names across an industry is indicative of similarities in positioning. As web portal names, Explorer, Navigator, Safari and Magellan are all saying exactly the same things in exactly the same ways to exactly the same people. Consequently, they aren't pulling any weight when it comes to differentiating a brand. ©20017 Igor Naming Agency 4. Evocative Product & Company Names One important way that evocative names differ from others is that they evoke the positioning of a company or product, rather than describing a function or a direct experience. Continuing with more examples of web portal company names: InfoSeek, LookSmart = functional Explorer, Navigator = experiential Yahoo / Bing / Google = positioning (Evocative) From the ride share sector: RideCharge= functional Lyft / Curb = experiential Uber = positioning (Evocative) From the airline sector: Trans World Airlines = functional United = experiential Virgin = positioning (Evocative) and finally, from the computer industry: Digital Equipment = functional Gateway = experiential Apple = positioning (Evocative) The upside: • A rare type of name, making it a powerful differentiator. • Nonlinear and multidimensional, making it deeply engaging. • Helps create a brand image that is bigger than the goods and services a company offers. • Trademark process is better than average. • When created in sync with positioning, it is a branding force that can dominate an industry. ©20017 Igor Naming Agency The downside: • When created out of sync with brand positioning, it's an ugly mess. • Because evocative product and company names are created to compliment positioning rather than goods and services, they are the toughest type of names to get corporate approval for, being a bit of an abstraction for those outside the marketing department. Competitive Analysis A competitive analysis is an essential early step in any naming process. How are your competitors positioning themselves? What types of names are common among them? Are their names projecting a similar attitude? Do their similarities offer you a huge opportunity to stand out from the crowd? How does your business or product differ from the competition? How can a name help you define or redefine your brand? Can you change and own the conversation in your industry? Should you? Quantifying the tone and strength of competitive company names or product names is an empowering foundation for any naming project. Creating such a document helps your naming team decide where they need to go with the positioning, branding and naming of your company or product. It also keeps the naming process focused on creating a name that is a powerful marketing asset,